Insurance for Businesses and SMEs in Quebec

An insurer offers its own products. A broker can help you assess your needs, compare options from available markets and understand how coverage may respond to your business risks.

A broker can also support you when your operations change or when you need guidance during the claims process. The role goes well beyond placing a policy.

These two types of coverage apply to different situations.

• General liability may respond when a third party alleges bodily injury, property damage or other covered harm connected to the business’s operations, products, premises or completed work. For example, a customer injured on the premises or damage caused to a client’s property.
• Professional liability may respond to claims involving errors, omissions, negligence or disputed advice in the delivery of professional services. It is important for many service firms, consultants and regulated professionals.

Some businesses need both types of coverage. A broker can review your activities, contractual obligations and industry risks to help identify appropriate options.

Yes. Coverage can often be reviewed or adjusted during the policy term, subject to insurer approval and policy conditions.

Hiring employees, buying equipment, moving locations, adding services or changing revenue can all affect your insurance needs.

Contacting your broker promptly helps reduce the risk of coverage gaps if your operations change.

General liability insurance may respond if a customer alleges bodily injury on your premises, such as a slip and fall, depending on the circumstances and policy wording. A broker can help you understand the coverage, limits, deductibles, exclusions and claims process.

Commercial property insurance may cover business equipment, tools, inventory and materials against insured losses such as fire, theft, vandalism or certain types of water damage, depending on the policy.

Items used off premises, specialized equipment, leased property or goods in transit may require additional coverage.

Your coverage should reflect the type, use and value of the assets your business depends on.